Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-02-12
Railroad Director. suea.

COLUMBUS, Feb. 10. President John
n. shaw, OF the Oolnmbus. Hooking
Valley and Toledo Railway, teday sued
Stevenson BuEke, n. M. Green, Charles
Hickox, Wm. Nckiunie, Chauucey An
draws, John W. Ellis and the Ohie Cen.
trai Railway O0mpauy, and Judge
Bingham granted a. injunction re-
atfainiag she defendants from selling
their stock aad 10 compel them 10 ae-
count for their Indebtedness 10 ths con-
pany for bath stock and bonds. The
petition recitee that prtef 70 the conaoi-
i6atien Of thesa roads 10 1881 their eons-
bined capital waa SALSA. coo. he indi.
vidnal defendants owning 7a,o0o acres
Of coal lands; that prior 10 July, 1881,
The defendants and 0theFa entered into
3 fraudulent combination 10 possess tie
three roads without expending any
money, And 10 dispose o. tue said lands
1t prices enormously above their vAiae
b. fhreafsning 70 build parallel lines.
They secured the three roads, Heck.
ina valley Il as per share. the Coiam-
bus and Toledo 81 t62-bo and the West
Virginia al 81, aud Immediately con-
aolidats q, With q capital stock Of
eaOo0,Qn0. The defendants took ali
the stock then issued and the remainder
went 30 she company. Eleoting them
selves Directors. on Segtemhes loth.
they authorized The issue 81 tit 5oo.0 600
IN bonds and execuled q mortgage
thersf0F 10 the Central Trust Company
Of New Vera. Six millions i've kandTed
thousand dellars' worth Of thee bonds
we're held for exchange Of the cat
Standing bonds and tS0o000o were %
BE- sold for she making Of . double
track and other improvements GA
November g 1881, O. aQ0oo Of tue
honda we're turned over % Stevenson
Burke, without specification Of paFpose,
and later : sale Of &6,til.Opo Of thee
banaa 10 Winslew LlAnier a ca. lees
commissions, vas ratified and the Board
directed President Green 20 hand over
% the Executive Board. cscststlns e
Green, Barrie hiskox and Mekinnie.the
renainine SlsS9 OF treasury bends. and
took tho receipt of the committee for
the whele. And. having Possession 81
The proceeds og ali she eOCda Sold and
als0 OF the uRscld bonds. they Paid sd
vAnees made for the stock Of sue three
companies, and exchanges for the een.
eolidAleo stoek, taking I'll IN their
names. thas approSrtaitne the entire
stcck. fer nee = dollar OF which have
they accounted 10 The plAsniia.
MeAnWhiie TIE usoavy advanced ~
Miuslow. Lanief a Go. aud btsxel.
Morgan 4 10. Ter parcAasing the akrse
roads. wAs repaid oal o. the proceeas Of
tbs consolidated honda. the defendants
thus getting possession Of she piasntta' 5
atock u,theut paying = single dollar 90
IA. The defeeaAntS faetheF % diVess the
plaintiff q shs sasd SS.0o0ooo % bonds
aud thas sscure title a. uSli - eo1ds. q
Aus. "A. 1885,. - Tue Directors AateoFsxsa
~. ~. Green b purchase the enase
etoek az saa neeAisg Goal 4 kAilFoad
Csmpany gaF $s,0aa.0eo IN The bands Of
she psarntla. said land not excssdis9
Rs00eo0 Ia vAlnes and aasd purchase
hozAs Ia fMct noe being W TIE trcasnfy.
Nv deolartnx = dividend b thsmsslsss
Jnna IL 1854 81 lisa psF cent. the ealY
anapia seft i the aioek Of E@oofo 81
re HookinR Coal 4 RaiEuad CempAny.
1aock % whlcn the defeDdanss sos ad-
nh Ne eenpany ewcs tlkAeA Ihe